By Sheri Kasprzak
New York, May 4 - The Long Island Power Authority of New York priced $200 million in series 2010A tax-exempt revenue bonds, said a pricing sheet.
The bonds were sold through Morgan Stanley & Co. Inc. The co-managers included Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Bank of America Merrill Lynch & Co.; Jefferies & Co.; First Southwest Co.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities Inc.
The bonds are due 2014 to 2015 with 2.5% to 5% coupons.
Proceeds will refund existing debt.
Based in Uniondale, N.Y., LIPA acquires real property for electric power infrastructure, and also purchases power from the Power Authority of the State of New York.
| Issuer: | Long Island Power Authority
|
| Issue: | Series 2010A tax-exempt revenue bonds
|
| Amount: | $200 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. (lead); Citigroup Global Markets Inc.; Goldman, Sachs & Co.; Bank of America Merrill Lynch & Co.; Jefferies & Co.; First Southwest Co.; Ramirez & Co. Inc.; RBC Capital Markets Corp.; Roosevelt & Cross Inc.; Siebert Brandford Shank & Co. LLC; and Wells Fargo Securities Inc. (co-managers)
|
| Pricing date: | May 4
|
| Settlement date: | May 18
|
|
|
| Maturity | Type | Coupon | Price
|
| 2014 | Serial | 3% | 103.203
|
| 2014 | Serial | 4% | 106.973
|
| 2014 | Serial | 5% | 110.743
|
| 2015 | Serial | 2.5% | 100.045
|
| 2015 | Serial | 3% | 102.361
|
| 2015 | Serial | 4% | 106.994
|
| 2015 | Serial | 5% | 111.626
|
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